S 3931 · 117th Congress · Finance and Financial Sector

Gig Worker Equity Compensation Act

Introduced 2022-03-24· Sponsored by Sen. Lummis, Cynthia M. [R-WY]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Banking, Housing, and Urban Affairs. Hearings held.(2022-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Gig Worker Equity Compensation Act This bill expands the existing Securities and Exchange Commission registration exemption for securities that are part of an employee-compensation package. Specifically, the bill applies this exemption to securities provided to independent contractors performing work for the issuer and to customers of the issuer. The bill also requires the corresponding aggregate sales amount to be indexed for inflation annually instead of every 5 years as under current law.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican